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accountinglads - all messages by user

2025/5/6 19:38:54
What is an accounting ledger? An accounting ledger is a book (or digital) record of all the financial transactions in a business that are all listed according to an account. It helps track the balance of every account and is frequently adjusted as transactions are performed. The Cash ledger is an example of a ledger that shows all inflows and outflows of cash. Reviewing ledger entries allows businesses to track financial health, reconcile bank statements and prepare accurate financial reports. It maintains transparency and accountability in financial record keeping.
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